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| Edited By: |Source: Reuters |Updated: Mar 17, 2018, 06:06 AM IST
Indian Oil Corp is likely to sell shares at 450 rupees each — well above current market levels — the state-run company's chairman BM Bansal said on Wednesday, spurring its quoted shares sharply higher.
Bansal added that the share sale was likely to happen in the third or fourth week of January.
IOC's stock had climbed over 11% by 08:05 GMT, sharply outpacing the overall index.
